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Average Inventory ₹ 60,000; Inventory Turnover Ratio 5 Times; Revenue from Operations 40% above cost. Calculate Gross Profit Ratio. - Accounts

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प्रश्न

Average Inventory ₹ 60,000; Inventory Turnover Ratio 5 Times; Revenue from Operations 40% above cost. Calculate Gross Profit Ratio.

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उत्तर

Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`

5 = `"Cost of Revenue from Operations"/(₹ 60,000)`

Cost of Revenue from Operations = ₹ 60,000 × 5

= ₹ 3,00,000

Revenue from Operations = Cost of Revenue from Operations + 40% of Cost of Revenue from Operations

= ₹ 3,00,000 + `40/100 xx ₹ 3,00,000`

= ₹ 3,00,000 + ₹ 1,20,000

= ₹ 4,20,000

Gross Profit = Revenue from Operations − Cost of Revenue from Operations

= ₹ 4,20,000 − ₹ 3,00,000

= ₹ 1,20,000

Gross Profit Ratio = `"Gross Profit"/"Revenue from Operations" xx 100`

= `(₹ 1,20,000)/(₹ 4,20,000) xx 100`

= 28.57%

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पाठ 14: Ratio Analysis - PRACTICAL QUESTIONS [पृष्ठ १४.१३४]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 14 Ratio Analysis
PRACTICAL QUESTIONS | Q 88. | पृष्ठ १४.१३४
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